The post Vietnam police arrest suspects in $532,800 crypto scam appeared on BitcoinEthereumNews.com.

Vietnam police have confirmed the arrest of suspects identified in a cryptocurrency scam network. According to the police, seven individuals were arrested in the Da Nang region. Vietnam police claimed the suspects were arrested for carrying out scams using computer networks. In its statement on Saturday, the Vietnamese police mentioned that the suspects operated a cryptocurrency scam from their base in Cambodia. The scam allegedly imitated the Nasdaq exchange, and the suspects misappropriated VND14 billion ($532,800). The police mentioned that the suspects also had a strong telecommunications network and electronic means to carry out the illicit activities from the property in the Da Nang region. Vietnam police arrest five individuals in a crypto scam ring According to the Vietnam police statement, the five suspects arrested as a result of their investigations include Nguyen Van Chung, Nguyen Duc Loong, Ong Khac Ming, Vu Tri Huy, Cap BA Nam Viet, Nguyen Anh Do, and Ta Van Ba. The police mentioned that all the suspects were residents of the northern province of Bac Ninh. Investigators claimed the scam came to light after several people reported the criminals to their local police station. The first police report was filed by a 36-year-old woman in Da Nang’s An Khe Ward, who mentioned that she was scammed by the suspects while investing in digital assets on a trading platform that she claimed was called Nasdaq. The Vietnamese police soon saw reports from several others in the region, claiming that the group had sold investments on the trading platform to them as a sure way to make profits and change the lives of their family. Nasdaq is the world’s second-largest stock exchange, based in the United States. It is known for listing tech giants like Apple, Amazon, Microsoft, Google, and Meta. According to a preliminary investigation, the…

---

Filed under: News - @ January 18, 2026 8:28 am